Loan Servicing Specialist

2 days ago

Bengaluru, Karnataka, India JPMorganChase Full time ₹ 10,00,000 - ₹ 12,00,000 per year
Description
Join the firm that FORTUNE has named one of the top five "World's Most Admired Companies" and LinkedIn ranked #1 out of 50 of the best companies in the U.S. for best places to work and grow your career.

As a Loan Servicing Specialist IV within JPMorganChase, you will play a pivotal role in managing an assigned portfolio of loans, ensuring adherence to established processes and procedures. Your expertise in loan servicing will be crucial in interpreting loan documents, interacting with stakeholders, and overseeing deadlines. You will be expected to apply your knowledge of policies and procedures to solve non-routine problems, while also acting as a mentor to junior roles. Your ability to manage conflicts, think critically, and maintain resilience in challenging situations will be key to your success. This role offers the opportunity to directly impact our lending services team, contributing to the overall loan lifecycle and fostering strong relationships with both internal and external clients.

Job responsibilities
  • Act as the primary point of contact for internal and external clients, addressing loan servicing issues and providing resolution in accordance with established procedures.
  • Interpret loan documents and ensure accurate system setup for new deals, restructures, and amendments, applying critical thinking to identify and resolve non-routine problems.
  • Calculate and monitor complex interest and fee accruals at various rate levels, ensuring accuracy and compliance with changing lender distributions.
  • Provide guidance and mentorship to junior roles, leveraging your expertise in loan servicing and your developing skills in mentoring and stakeholder management.
  • Reviewing the complex approval packages and Underwriting documents to perform annual review of clients
  • Interpreting and understand legal documents pertaining to Underwriting and perform regulatory due diligence to comply with the regulatory requirements
  • Following up with the Underwriters on the missing documents required to complete the annual review
  • Managing the complex requests with minimum supervision and independently make the decisions related to the process
  • Managing the exceptions and one-off transactions and follow the escalation metrics. Escalate on time when required. Stake holder management
  • Meeting & exceed the turn around time and accuracy rate as per the specified target. Have an eye for details.
Required qualifications, capabilities, and skills
  • Bachelor's degree in Commerce with minimum 1 year experience
  • Baseline knowledge or equivalent expertise in loan servicing, including understanding of loan documents and lending processes.
  • Beginning proficiency in critical thinking, with the ability to organize, compare, and critically evaluate various aspects of loan servicing situations, generating conclusions consistent with the facts and associated risks.
  • Developing proficiency in listening and questioning, with the ability to actively listen, empathize with the speaker, and ask well thought out questions to gain information and promote deeper understanding.
  • Should be flexible with to work in shifts
  • Strong verbal & written communication to effectively communicate with various stake-holders and across levels.
Preferred qualifications, capabilities, and skills
  • Accounting  degree preferred. experience preferably in Banking/Mortgage/Financial Analysis/Statement Spreading/Loan Operations/Underwriting
  • Demonstrated teamwork and motivation, actively contributing to team success by being supportive, helpful, and collaborative, while also being a highly motivated self-starter capable of working independently within a team environment.
  • Strong interpersonal relationship skills, with a willingness to learn, receive direction, and ask well-thought-out questions to enhance understanding and performance.
  • Excellent organizational skills, enabling efficient functioning in high-volume, fast-paced, deadline-oriented environments while maintaining service level agreements.

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